* Dubai's real estate market has entered a period of stabilization following significant price increases in off-plan properties during 2023.
* Recent data shows a slight decline in average prices, with off-plan sales in August 2024 witnessing a 4.2% decline from August 2023.
* The market witnessed a spike in off-plan property prices over the last year,…
* Experts anticipate mortgage rates to drop following the US Federal Reserve's recent decision to cut interest rates by 0.5 percent.
* This is the Fed's first rate reduction since 2020, and could translate into significant savings and increased affordability for prospective UAE homebuyers.
* Experts suggest that in approximately a week, there may be new reduced…
* Dubai recorded 948 sales in the luxury property segment, each valued at AED 15 million ($4 million) or more, during the first five months of 2024.
* These high-value transactions were concentrated in key areas such as Palm Jumeirah, Mohammed bin Rashid City, Dubai Water Canal, Tilal Al Ghaf, and Dubai Hills Estate.
* In detail,…